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Kerr unfazed by South32 one-fifth value loss

Graham Kerr, CEO of South32, said disappointed expectations for certain metals were behind the one-fifth climb-down in the company's share price.

Smokey Hills strike halts most operations

Platinum Australia, the Australian exploration firm developing platinum projects in South Africa, reports that strike action at its Smokey Hills mine in SA has halted almost all operations at the mine.

Caledonia to post “substantially higher” earnings for 2019 owing to gold...

CALEDONIA Mining Corporation, the Zimbabwe gold miner, would report "substantially higher" earnings for its 2019 financial year than expected as a result of continued...

Exxaro books R400m increase in write-down

Exxaro Resources has been plunged into its worst ever financial performance owing to a R5.8bn write-down of its Mayoko iron ore project, R400m worse than first forecast.

We’ll be alone at Mapungubwe, says CoAL

Coal of Africa CEO John Wallington says he doubts whether any other new mining development will be permitted close to the Mapungubwe National Park, the location of Vele colliery.

Great Basin Gold to shut Burnstone, seeks $40m

The chances of recovering fair value for assets in Great Basin Gold took a turn for the worse as the company announced it was forced to shut its key South African mine.

Acacia to receive $2m after finalising end of earn-in with Samara...

ACACIA Mining formally terminated an earn-in agreement with Sarama Resources for the South Houndé project in Burkina Faso. The divestment from South Houndé is part...

Randgold & Exploration’s low-key JSE return

Randgold & Exploration, which was plundered for billions of rands by Brett Kebble, finally resumes trading on the JSE. New CEO Marais Steyn is keen to revive Randgold's fortunes in resources.

Aurora’s Grootvlei mine in flood threat

Irate workers maintaining the mothballed Grootvlei gold mine threaten to let it flood unless Aurora pays overdue wages of R30m immediately. The company says it will pay workers on Friday.

Glencore presses button on increased project capex as metal inventories dwindle

GLOBAL commodities marketer and miner, Glencore, will spend about $300m more a year on capital expenditure (capex) over the next three years than previously...